insights

Preparing for retirement

It's easy to see what your retirement might look like. Just log in, answer a few questions and get a Retirement Profile to help you plan for the retirement you want.
New Retirement Timeline feature can help you track your personal retirement milestones.

How the Retirement Profile works

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Preparing for Retirement Ahhhh, retirement. That magical day when the work duties stop… …and the regular paychecks from your employer stop too… But your expenses don’t stop. They’ll just keep humming along. So, how will you cover them – both the essentials…and the not-so-essentials? Well, you may have a pension … plus there’s Social Security…and, of course, your retirement plans. And now that it’s time for those savings to become a source of income for you… …you may be wondering how your nest egg can meet that challenge. It’s a lot to think about…but TIAA’s easy to use, interactive Retirement Profile can help you answer those questions. It uses your answers to a handful of simple questions to create scenarios of what your monthly income might look like after you transition from saving for – to living in – retirement. The first scenario gives you an estimate of whether your portfolio is currently on-track to generate the monthly income you’ll need through retirement… the second scenario offers a TIAA-proposed strategy that may potentially improve the likelihood of meeting your income needs – by including a sort of ‘personal pension’ – a guaranteed monthly paycheck, for the rest of your life, plus options that can help you keep pace with inflation and rising costs. The Retirement Profile also allows you to create a custom strategy by making adjustments to your inputs, so you can see how those changes impact your monthly retirement income. And if you do decide to take action, TIAA will be with you every step of the way to help you build a fully-customized income plan for retirement that fits you just right. With your custom income plan complete, you’ll have a better idea of the lifestyle you’re on-track to enjoy during retirement… … and any changes you might want to consider now to make that lifestyle look a little bit more like what you’ve been picturing. Visit TIAA.org/pfr to complete your retirement profile.
What you share in the Retirement Profile stays within TIAA. This material is for informational or educational purposes only and does not constitute investment advice under ERISA. No changes will be made to your actual accounts. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances. Certain products and services are only available to eligible individuals. 

How to Prepare

Preparing for a conversation about your income plan

1
Put yourself in a retirement frame of mind
2
Understand the unique challenges in retirement
4
Learn about annuity options
Income planning

Building a diversified income plan

Wondering how you’ll replace your income when you retire and if you’ll have enough to last for as long as you live? The resources below can help you start planning.

Replacing your salary

Learn how you can design an income plan with a balance of guaranteed income* and growth potential.

Choosing your options

Explore the different income options available with your TIAA retirement plan.

Getting income

See how much lifetime income you can get from your retirement savings.
INCOME PROFILES

See how people like you did it

We created profiles based on the experiences of real people to showcase different types of retirement considerations. Read our latest study that captures the thoughts and feelings of 1,000 people who are retiring within the next five years.
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The long-term planners

Al & Sarah
Stable financial situation, conservative, long-term planners who are nearing retirement.
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Conservative & semi-retired

Pam & John
Financially stable, conservative, long-term planners who are semi-retired.
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Financially limited

Charles
Retired, financially limited, and a moderate risk taker.
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The moderate risk taker

Danielle
Retired, financially stable, moderate-aggressive risk taker.
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Nervous Nellies

Clara & Eduardo
Nearing retirement, financially stable, nervous about market volatility.
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The aggressive risk takers

Frank & Pete
Nearing retirement, financially limited, aggressive risk takers.
Next Steps

Consider getting started

Calling us

We’re here to help.
 
Weekdays, 8 a.m. – 7 p.m. (ET)
 
888-583-2535

Schedule a call

Tell us when to call you.
 
 

Starting your profile

You can log in and start your retirement profile.
* Any guarantees under annuities issued by TIAA are subject to its claims-paying ability.
This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
The Preparing for Retirement tool provides education about the retirement process, and includes examples based on a composite of random TIAA clients. In making the tools and information available to you, we assume that you are capable of evaluating the information and exercising independent judgment over your investments and do not need or intend to rely on our advice or recommendations. You should not buy or sell any security or other investment property without first considering whether it is appropriate for you based on your own particular situation based on your independent determination. TIAA-CREF Individual & Institutional Services, LLC will not perform any suitability or other analysis to check, for example, whether a security or other investment property you select through this tool is consistent with your investment objectives. If you need or want advice or recommendations in choosing investments, please call us at 800-842-2252. We are here to help.
Certain products and services may not be available to all entities or persons.
Please note that TIAA is not responsible for the content or privacy policies of third-party sites that may be referenced in this article or to which you may link from this article. TIAA does not endorse or recommend the products, services, or information found on any third-party site.
IMPORTANT: The income assessment, projections and other information presented or generated by Preparing for Retirement are purely hypothetical in nature, do not in any way reflect actual investment results, and are not guarantees of future results.
This tool provides educational information on some of the big decisions in preparing for retirement and can help you develop your retirement planning know-how.
You should not view or construe the tools and information as a suggestion by TIAA that you take or refrain from taking a particular course of action, as the advice or recommendation of an impartial fiduciary, or as an offer to sell or a solicitation to buy any securities or other investment property. You cannot buy or sell securities or other investment property through this tool. If you need or want advice or recommendations regarding your retirement circumstances and needs or in choosing investments, please call us at 888-583-2535. We are here to help.
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